InCred Money has received in-principle approval from capital markets regulator Sebi for its mutual fund licence application, CEO Vijay Kuppa said in a social media post. The company expects to take another six to nine months of work before it can go live with a fund.
Kuppa traced the idea back to his earlier venture, Orowealth, the direct mutual fund platform he co-founded in 2016 along with Nitin Agrawal, Yogesh Powar and Swati Aggarwal. He said the conviction that technology could widen the adoption of investment products among Indians only grew stronger at InCred Money.
